Popular on-chain analyst Ali Martinez predicted nearly $4 billion worth of Bitcoin from crypto exchanges in the second week of December. $107,285.9 (English abbreviation BTC) stated that it was withdrawn. Martinez emphasized that this move could have significant effects on market dynamics.
Sale of 140,000 BTC from Bitcoin Miners
According to CryptoQuant data, Bitcoin balances on exchanges continue their downward trend. Martinez drew attention to the reasons behind this big draw. Investors’ intention to move their BTCs to safer wallets or keep them long-term may be effective in this move.
At the same time, selling pressure from miners may cause fluctuations in the market. In the first half of December, miners sold a total of 140,000 BTC. The total value of this amount reaches 13.72 billion dollars. Martinez stated that Bitcoin’s price continued to rise despite the miners’ selling moves. On a weekly basis, the value of BTC increased by 5.7% and traded at $105,331.
Ethereum On-Chain Data Gives Positive Signals
Ethereum 
$4,025.5In , the picture has a more positive outlook. Ali Martinez pointed out three critical on-chain metrics for ETH. While active addresses increased by 4.24%, there was a 2.65% increase in new addresses. Additionally, the rate of zero balance addresses decreased by 4.06%. These indicators reveal that the Ethereum ecosystem is gaining momentum. Martinez emphasized that ETH’s stable performance can have positive effects on the market.
Ethereum managed to hold above $4,000. The platform maintains its leadership among smart contract platforms in terms of market value. Martinez stated that this situation increased the interest in Ethereum.
While Bitcoin is withdrawn from exchanges, Ethereum’s positive on-chain indicators may herald new dynamics in the crypto market. Experts point out that investor movements can shape future price fluctuations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
